User Account

All Pages

What is the name of the variance for the fixed overhead

Assignment Help Cost Accounting
Reference no: EM132750528

Problem 1: ABC co. has the following standard transportation costs. 1-10,000 units ? 1,00,000. 10,001 to 20,000 units ? 2,00,000. During the month of February 2019, they budgeted to transport 14,000 units. However, due to market downturn, they could transport only 9,800 units at an actual cost of ? 1,25,000. They had also budgeted a fixed overhead cost of ? 3,00,000 for the period and incurred a cost of ? 2,85,000. Calculate the flexible budget variance and static budget variance. Mention whether it is favorable or unfavorable for the transportation costs as well as for the overhead costs. What is the name of the variance for the fixed overhead variance?

Reference no: EM132750528

Questions Cloud

Find what is the irr for the project : The length of this project is seven years. The OCF of the project will be $8769002. The tax rate is 32 percent. What is the IRR for this project?
What would be the costs and benefits of businesses : Think of (or nternet search for) some familiar small businesses right here in Albuquerque or New Mexico that might be doing good things in the community.
Common lan and lan-to-wan domain policies : Discuss what are some of the common LAN and LAN-to-WAN Domain policies and how you would implement them in your organization
Explain the input and output of the diagram : Explain the input and output of the diagram in material requirement planning
What is the name of the variance for the fixed overhead : What is the name of the variance for the fixed overhead variance? ABC co. has the following standard transportation costs. 1-10,000
Discuss the impact of downsizing in an organization : Give your own opinion about downsizing and discuss the impact of downsizing in an organization.
Human society affected by information science and technology : What is the major difference between library science and information science? How is human society affected by information science and technology?
Explain the different business or service specializations : Explore from Internet sources and explain at least three HR best practices of Ritz Carlton Hotels and relate how these best practices can be replicated.
What is the income statement for the upcoming year : What is the income statement for the upcoming year using absorption costing. Fixed manufacturing overhead? (MOH) in total for the year $253,000

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd